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Markets

Sri Lankan shares inch higher as communication, IT rise

  • CSE All-Share index settled up 0.15% at 21,085.15
Published Updated
Photo: Reuters
Photo: Reuters
By

Sri Lankan shares closed higher on Wednesday, led by gains in communication services and information technology stocks.

The CSE All-Share index settled up 0.15% at 21,085.15.

Industrial Asphalts (Ceylon) PLC and Agstar PLC were the top percentage gainers on the CSE All-Share index, rising 16.7% and 10.3%, respectively.

Trading volume on the index rose to 83.4 million shares from 58.4 million in the previous session.

The equity market’s turnover fell to 1.32 billion Sri Lankan rupees ($4.01 million) from 1.37 billion rupees in the previous session, according to exchange data.

Foreign investors were net sellers, offloading stocks worth 12.9 million rupees, while domestic investors were net buyers, purchasing shares worth 1.31 billion rupees, the data showed.

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